India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say
India New Issue-Bajaj Finance accepts bids for bond reissue, bankers say MUMBAI, Oct 9 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5.10 billion rupees ($52.75 million) for the reissue of 7.78% November 2029 bonds, three bankers said on Friday.
The company will offer a yield of 8.20% and had invited bids from bankers and investors for the issue on Thursday, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 year and 1 month | 8.20 (yield) | 5.10 | October 8 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.6875 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
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